Ethereum
Ethereum Next Big Move Incoming? Expert Points To 75% Price Surge Ahead
Ethereum‘s renewed price momentum appears to be slowing down as bears have taken control of the market once again. Despite the waning price strength, several crypto analysts are still bullish about the crypto asset’s trajectory, predicting that ETH could be set to rally in the short term.
Ethereum Primed For Explosive Growth
The price of Ethereum may be gearing up for its next explosive growth, with market expert and trader Javon Marks projecting an impending price surge for ETH of about 75%. This demonstrates his strong confidence in the potential of the crypto asset in spite of rising market turbulence.
Javon Marks points to key technical indicators and patterns that show that the altcoin is gathering strength, setting it up for a substantial upswing in the coming weeks. As the crypto asset continues to see positive sentiment in the market, Ethereum might hit new heights during this expected surge.
After navigating ETH’s current price performance, Javon Marks believes a big move is on the horizon following a breakout from the Relative Strength Index (RSI) and multiple verified Hidden Bull Divergence patterns. According to the expert, this breakout could trigger a continuous move toward the $4,811.6 price level, which is only a few inches away from its all-time high of $4,878.
The expert highlighted that since the breakout from the RSI, prices have increased by almost 120%, suggesting that a run is already in effect. As a result, Javon Marks anticipates an additional 75% move for Ethereum in order to reach the $4,811 price level, which is further confirmed by these confirmations and breakouts.
Marks’ prediction is part of a broader view that Bitcoin, the largest cryptocurrency asset, could determine ETH’s next move. “It may be near evident of what’s next for ETH, which can be a fulfillment to $4,811+, following the leader, and for that to be done, it can take Bitcoin climbing even more,” he stated.
At the time of the post, he noted that if ETH’s following fulfillment to $4,811.6 is validated, BTC may rise even further and break above $67,559, which will ultimately pave the way for BTC to rise to more than $116,000. In addition, this move will allow Bitcoin to lead the general crypto market into heightened bullish stages.
A $6,000 ETH Possible In This Cycle?
ETH is currently seeing a wave of bullish predictions. Another crypto expert and trader, Ali Martinez, laid out a potential scenario for the altcoin to reach a new all-time high of $6,000, triggering optimism in the community.
This forecast is bolstered by Ethereum’s resiliency at the $2,400 support level. According to Martinez, since it surpassed the $2,400 mark, the altcoin has strongly maintained the support range and may now be aiming for the upper boundary of the channel at roughly $6,000.
Featured image from Unsplash, chart from Tradingview.com
Ethereum
Ethereum Set For A Bullish Breakout? Expert Cites Strong Upside Potential
As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.
A 63% Rally For Ethereum Could Be On The Horizon
In an optimistic post, market expert and enthusiast, Javon Marks has expressed his confidence about a possible bullish breakout, pointing to a robust upside momentum in the near term. The expert points to several market indications and technical setups that show promising signals, with ETH overcoming recent resistance levels that could set the stage for a price spike.
According to the expert, Ethereum seems to be getting close to another significant breakout point, and a bullish break is likely to take place due to a prior bull pattern confirmation and breakout, implying a similar price movement for the altcoin to past positive trends.
As a result, Javon Marks believes that this key breakout will trigger a price growth to the $4,080 level, which is more than 63% away from its current value movement. In addition, the analyst claims that development might turn out to be the start of a much bigger upside in the upcoming weeks.
Javon Marks’ anticipated breakout coincides with the growing sentiment and optimism toward the altcoin, signifying possible renewed momentum. Mark’s prediction also aligns with Ash Crypto, another market analyst and trader, who has forecasted that ETH could hit a new all-time high in 2025.
After examining Ethereum’s recent price action, Ash Crypto noted that the altcoin has reached its major trendline support capable of igniting a notable price surge. This is due to the fact that the digital asset witnessed a hard pump the last 3 times it retested the major trendline.
The first time ETH retested the trendline in 2022, it surged by over 123% in the period of 3 months, the second time caused about 107% increase in 7 months, and the last, which was in 2023 triggered an over 158% upswing in about 6 months. Thus should the digital asset replicate this move, Ash Crypto is confident that it could witness a 100% rally from its present value to a new all-time high in 2025.
ETH Preparing For A Rebound?
Following a few days of downside movement, ETH investors are beginning to show their presence in the market, pushing the altcoin toward a possible rebound. Ethereum is presently trading at $2,460, demonstrating a brief upward movement of about 0.60% daily increase, slowly approaching the $2,500 price level.
Given the heightened interest in ETH, the asset could continue to print more gains as bulls have formed strong support at the $2,450 mark. Data from CoinMarkCap reveals that the trading volume of ETH has surged by more than 20% in the past day.
Featured image from Unsplash, chart from Tradingview.com
Ethereum
Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target
Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.
Amid this concern, however, prominent analyst Ali Martinez has shared an optimistic technical analysis, highlighting a strong risk-to-reward setup on the Ethereum chart. According to Martinez, the current level offers a compelling entry point, suggesting that Ethereum could see a significant upside if it holds support.
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The timing of this potential rebound is especially noteworthy with the US election tomorrow, an event that could heavily influence broader market sentiment. Many in the crypto community anticipate that election outcomes will set the stage for a new rally, with Ethereum positioned to capitalize if bullish momentum returns.
In the coming days, all eyes will be on whether ETH can defend this demand zone, as its performance could either validate or challenge the prevailing bullish expectations across the market. For now, Ethereum’s price level remains pivotal, and the market is closely watching for signs of direction amid the election and broader economic uncertainties.
Can Ethereum Hold Above Key Demand?
Ethereum is trading at a pivotal support level of around $2,450, which many analysts view as a critical “last line of defense” for bulls. Ethereum could experience a deeper decline if this level fails, potentially putting it at risk of underperforming against competitors like Solana or Bitcoin, which have recently shown more relative strength.
Investors share this concern and are closely watching ETH’s movement as it teeters on the edge of this crucial support.
However, top crypto analyst Ali Martinez has presented a more optimistic perspective on X, suggesting that Ethereum may be poised for a significant recovery. In his recent technical analysis, Martinez emphasized that the current risk-to-reward ratio for ETH is highly attractive for a long position, especially for those with a longer-term outlook.
He disclosed that he had set a stop-loss below $1,880—a level limiting downside risk—while targeting an ambitious price of $6,000. This target represents a potential 145% rally from current prices, underlining Martinez’s confidence in Ethereum’s potential upside if it can hold this crucial zone.
The next few days, or even hours, could prove decisive for Ethereum as it consolidates at $2,450. To move toward Martinez’s target, ETH must build strength and start challenging local highs, signaling buyers are stepping in.
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The upcoming price action will reveal whether Ethereum can revive its bullish momentum or succumb to further downside pressure. For now, the $2,450 support is a critical threshold for ETH’s near-term trajectory.
ETH Technical Analysis
Ethereum (ETH) is trading at $2,450 after a strong rebound following a failed breakdown below the $2,400 mark. This resilience is encouraging for bulls who believe ETH is primed for a significant rally, especially if Bitcoin can break above its all-time high.
However, this crucial support level alone isn’t enough to spark a sustained uptrend. Bulls must push the price above the 200-day exponential moving average (EMA), currently at $2,762, to confirm momentum and establish a stronger bullish outlook.
The 200-day EMA has acted as a formidable resistance since early August, repeatedly pushing ETH’s price down. A breakout above this moving average would indicate a critical shift, potentially turning it into a new support level. This move would set the stage for ETH to challenge higher levels, fueled by renewed buyer confidence and broader market optimism.
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Conversely, if bulls fail to reclaim this EMA, Ethereum may face continued downward pressure, leading to further testing of key supports. For now, ETH’s support of around $2,450 keeps hope alive for bulls aiming for a breakout, but reclaiming the 200-day EMA remains essential to fuel the next leg of a bullish rally.
Featured image from Dall-E, chart from TradingView
Ethereum
Ethereum Researchers Leave EigenLayer Advisory Role Following Controversy — Details
Two Ethereum Foundation researchers Justin Drake and Dankrad Feist have disclosed the decisions to drop their advisorship positions with EigenLayer. The two experts took on this role with the restaking protocol earlier in May 2024 — but much to the disappointment of the crypto community.
As reported by Bitcoinist, the prominent crypto figures took the step to join EigenLayer as advisors, with Drake specifically promising to reinvest his earnings into the ETH ecosystem. Nevertheless, the crypto community on the social media platform X raised their concerns about conflicts of interest surrounding the appointment of the Ethereum researchers.
Justin Drake Apologizes To Ethereum Community And Foundation
In a November 2 post on X, Justin Drake announced that he dropped the advisory role with EigenLayer in September 2024 and has also left the Ultra Sound team. The researcher also apologized to the Ethereum community and his colleagues at the foundation for the controversy surrounding his appointment.
Drake added in the post:
Going forward I will turn down all advisorships, angel investments, and security councils. This personal policy goes above and beyond the recent EF [Ethereum Foundation]-wide conflict of interest policy, not because that was asked of me but because I want to signal [a] commitment to neutrality.
As highlighted in Drake’s message, the crossover to Eigenlayer by the two researchers forced the Ethereum Foundation to craft a conflict-of-interest policy in order to avoid a repeat of such incidents. Following the moves, executive director Aya Miyaguchi was the first to indicate the foundation’s commitment to addressing the issue of conflict of interest.
Source: AyaMiyagotchi/X
More Danksharding Upgrades?
Oddly, Dankrad Feist at the same time released a message on X announcing his decision to resign from his advisorship role at EigenLayer. The famous creator of the “Danksharding” concept reiterated that while the contract was negotiated in good faith, he understands how the relationship with EigenLayer could be easily misunderstood.
Feist noted:
Eigenlayer is a great project that I hope will continue to complement Ethereum well in several ways. But Ethereum has a lot of important work to do and I will focus all my attention on getting it done. This will allow me to be more effective in implementing Danksharding and other important projects.
These announcements garnered positive responses from the crypto community on the X platform, with several notable figures labeling their decisions to leave EigenLayer a good call.
The price of ETH under bearish pressure on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Getty Images, chart from TradingView
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